₦airaland Forum

Any info?

KarlTom:
2.4bn worth of shares traded in MTNN.

Wagwan

Thank you for the clarification. Language is the nucleus, the most important aspect of any culture. I feel it is important to keep it pure, whether spoken or written.

SonofElElyonRet:
Well 'p' is the Yoruba alphabet also pronounced "kp".. spelt "Pato".. like "alapata" butcher

Thanks. And, the spelling? I did some Yoruba in school. There is no Yoruba alphabet as "kp"

SonofElElyonRet:
same as gan gan.. "exactly" or more accurately "specifically"

What is “kpato”, please?

SonofElElyonRet:
Which Chams news "gan gan, kpato" are we expecting

It will double from the post reconstruction price this year. The numbers are quite impressive.

Agbalowomeri:
Transcorp is not joking with this growth rate. It's a new candidate for N500 in 5 years if this growth rate is sustained

I made a correction to the post.

There is no way under whatever circumstance that TRANSCORP will shed so much to become N10. Even a Tsunami in Nigeria (God forbid) won't cause that.

yMcy56:
Post reconstruction was around 44
Pre reconstruction was around 11
Cant remember the exact figure now.....

..and no, he wasn't trying to quote post reconstruction price. I don't think so.
Pre should be used as reference only since the price is already in 'post'.

I am sure he was trying to quote pre-reconstruction price of N10 - N11 which became N40+ after reconstruction

yMcy56:
Oga you try o....
So at 10 it will now be N2.50 pre-reconstruction?
Dey play 😁

N10 - N11 more like it.

Heishere:
We are waiting for it at N10 - N15

If you are going to buy, buy in tranches, don't be too much in a haste. That thing is going back to post-recontruction price.

essentialone:
Buy more of Transcorp Plc now. Its set back is temporary

ARADEL has been doing some press up, I believe it will soon flex some muscles.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. ±

Mcy is right, then.

But, would that dilution not be too much?
They should just release the report and let's see what happens.
Thanks.

mikeapollo:
Don't get confused, my brother. Our quest for money (mulah) is real and can be confusing at times
You have 2 shares in your hand, already. No one is taking those 2 shares away from you.
If you now receive 2 new shares for every 2 held; your total number of shares become 4
If you receive 3 new shares for every 2 shares held, your total number of shares become 5
So, if you receive 5 new shares for every 2 shares held, your total number shares come 7.

Not excatly, dear sister. If it is 5 for every 2 held, it means they want to transform 2units to 5units, that is, 2bn OS will just become 5bn and not adding 5bn new shares.

Or, maybe I am getting it wrong? Abeg, we will see it when it happens. Lol

yMcy56:
It's still the same thing....
5bn new shares will be added...
Making 7bn total new OS

We are all just speculating here ni oooo 😁

If you are just starting and you are interested in an immediate or near term result, do not buy OR do not pit all your money in ELLAHLAKES for now.
ELLAHLAKES has the potential to make you a billionaire in the (maybe, distant or not so distant) future.

Valthegreat:
Thanks for the information. This is like the exception to the rule I wanted to understand.
Please is the current price a good buy zone?

If it is 5 for 2, 2bn OS will just become 5bn OS and your unit holdings will multiply by 2.5.

yMcy56:
This will be good if it's true

5 for 2 or 2 for 5?

AFRIPRUD currently have 2bn OS
How many will this translate to thereafter?

If it's 2:5... 2bn + 400m = 2.4bn ....this looks small

If it's 5:2.... 2bn + 5bn = 7bn

If its 1:1.... 2bn + 2bn = 7bn

Hope my Arithmetics is correct sha
We're awaiting the Corporate Action.......😊

Chou!! Abeg na

KarlTom:
Does anyone have any info on AFRIPRUD?

I'm hearing bonus is 5 for 2

There appears to be too much manipulations in the stock market from insiders. The company said they have approved dividends and bonus shares and that they were going to hand over the report by 1st of March. Why are the people who received the report holding on to it for this long? To fuel speculations and panic so they could get some units for themselves? It's weird!

KarlTom:
I'm pained, I didn't get enough AFRIPRUD...

Don't know if I should be excited at the possibility too. Lol. But, we wait to see.

Streetinvestor2:
.That will definitely be wonderful. I will say amen to it

TRANSCORP appears to be going back to post reconstruction price.

Looking like it

Princkez:
NAHCO......abi result don land?

Whatever is holding back the AFRIPRUD report?
They stated in the earlier notice that the report will be submitted to the ngx latest 1st March.

yMcy56:
See as UCAP brought red to the market since yesterday....
The same UCAP is currently being defended @18 since......
Hopefully another good one will bring stability and green ...
The banks should just hold on first......lots of defence will be witnessed here.
Market is already pricing the possible dividends effects in.

** Not any form of advice**

*Edited....market not smiling today....

Has anyone seen AFRIPRUD's report yet?

Yeah. The very first step of setting up the App doesn't work. It involves keying in a code sent via email. The App does not even allow to type the code in at all. I have tried it several times.

emmaodet:
Through the nasd app, you will have to register with one of their accredited brokers.
Should be done within a week, after you can trade

They probably want to bring it to the ngx.

By the way, I downloaded the NASD app but it never worked. Does anyone know why, please?

jckgroup1:
Okitipupa

30+ last three months now 229.52

Oyel money

You mention Ukraine in passing like it's some empty geographical space. We are talking of lives, human lives.

ositadima1:
I know it can be very difficult to understand these things. Once you’ve been brainwashed, seeking the truth becomes even harder.

Why should NATO be expanding right up to Russia’s borders—a country they’ve been in low-key conflict with for decades? Does that seem right to you, or are you only looking at things superficially?

I support Russia. If I had the resources to preempt a greater threat, I would use them. It’s unfortunate that Ukraine is caught in the middle, but Russia has to do what it must. This is not just a war against Ukraine—it’s a war against NATO and a fight for Russia’s right to exist as a superpower.

Core European nations are far removed from this conflict. If Russia were expanding near the UK, France, or even the USA, would those countries accept it? Please be fair in your thinking and judgment.

Just imagine OANDO getting the nod to run any of Nigerian refineries? The noise, the protest, the cries!
Even with a refinery in a far away country, Nigerians are still insinuating corruption.

Valthegreat:
My only interest here is the 5,500 jobs a third world country will export to a second world country despite having a better comparative advantage in the sector in question.
It is only when Nigerians ( both leaders and the led) start reasoning like that in all our decisions that we can have a country but for now oke n'ohia ngwere n'uzo.

All the banks are likely to shed weights in the coming months.

Agbalowomeri:
Would you now say Zenith bank is a bargain at current price? BV of 0.5 is rightly priced. I won't be surprised to see Zenith at 35 before year end

Good to know you now take advice from people. It will only make you better.
No one knows it all. Cheers.

designking:
I will wait, it might deep again back to under ₦50. I pray it gets there.

Service delivery?

I do not advertise for Morgan Capital, but, I do not have any reason to complain about them since I started using their service.

promisengr:
Hello Everyone,

I would like to ask which stockbroking firm offers the lowest commission fee and VAT on commission.

Also which other information is relevant on choosing a broker aside from the fees?

Was an oppourtunity to top up.

KarlTom:
Same AFRIPUD was on Full Offer yesterday.

This market can humble someone...

AFRIPRUD! I knew something was brewing. Could just be another UCAP

yMcy56:
AFRIPRUD
Board Meeting outcome....
* To declare final dividend and a bonus issue**

This seems to be the leaked info that got APR to 30+ from N8/9........bonus looks priced in.

https://doclib.ngxgroup.com/Financial_NewsDocs/43175_AFRICA_PRUDENTIAL_PLC-POST_BOARD_MEETING_NOTIFICATION_CORPORATE_ACTIONS_FEBRUARY_2025.pdf

TRANSCO HOTELS
* Final dividend: 64kobo
Interim dividend 10kobo (Paid in Aug. 2024)
**2024 FYE Total dividend: 74kobo
https://doclib.ngxgroup.com/Financial_NewsDocs/43176_TRANSCORP_HOTELS_PLC-POST-BOARD_MEETING_NOTIFICATION_CORPORATE_ACTIONS_FEBRUARY_2025.pdf

CUTIX
* Director's dealings (buy)
https://doclib.ngxgroup.com/Financial_NewsDocs/48_Cutix_Plc_-_Notification_of_Share_Dealing_by_an_Insider.pdf

I think they already made it clear that they are not coming to the stock market to raise money through equity. I think people should just be patient and watch how it all unfolds. Those who need to sell should sell but what I know is that with the aggressive drive by the current FG for oil production, a company as crucial as OANDO is not going down!

zendi:
The funny thing is that Wale is not even acting as if Oando has money problem. He went to the sideline of World Economic Forum to brag that Oando has one billion barrel s of crude oil underground.
He is looking to buy (I know by International financing) a $15b Refinery in Trinidad. And I'm not hearing a lot of noise about money raising.

I don't know, maybe the man has a secret solution for Oando money problems.